On January 16, Mr. Ivankovich, General Manager of Belarusian MAZ company, visited Fast. Mr. Yan Jianbo, Party Secretary and Board Chairman of Fast Group, had in-depth talks with visitors about the JV company at Xi'an High-tech Plant of Fast. Mr. Wang Shunli, Vice General Manager of Fast Group, attended the meeting.
During the meeting, Chairman Yan Jianbo introduced production and operation in 2019, the construction of the joint venture, and future development plans to Mr. Ivankovich, and expressed his gratitude to MAZ for its support for the JV project. He said that in 2019, Fast maintained its leading position in the industry and achieved a new leap in production and operation. The annual sales of transmissions exceeded 1 million for the first time, and annual production and sales revenue exceeded 20 billion yuan for the first time, refreshing the "Fast Speed" again. Over the years, Fast and MAZ have established deep friendship with the market as the driving force and the product as the link. The establishment of JV between Fast and MAZ is a new step for Fast to achieve global layout and international development, and marks a new phase of cooperation between the two parties. The plant is planned to be capped with equipment installation and commissioning conditions in mid-May 2020, and ready for production in mid-September. By then, the products of both parties will be more competitive and influential in the global commercial vehicle market. Chairman Yan Jianbo stated that Fast will support the development of MAZ with the best products and services. He hopes that MAZ could provide more market opportunities for the JV to achieve strategic synergy on developing new products and exploring new markets, and the two sides could work together to create a better future.
The General Manager, Ivankovich spoke highly of Fast's development achievements in the field of automotive transmission, and thanked Fast for supporting the development of MAZ Company as always. He also stated that Fast is an important strategic partner of MAZ. In the future, MAZ will continue to strengthen cooperation with Fast, and hopes that both parties could further expand cooperation and achieve win-win development.
Before the meeting, General Manager Ivankovich and his team, accompanied by Vice General Manager Wang Shunli, visited the Fast Auto Transmission Engineering Research Institute, Test Center, and Sanwansan Combined Workshop, and took a test drive equipped with new products of Fast.